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DBS too comes under MAS anti-money laundering probe

Monday, July 18, 2016 - 05:50

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Malaysian companies and banks linked to 1MDB are at the centre of corruption and money laundering probes that have led investigators to look at transactions and financial relationships across the globe. Mr Najib, chairman of 1MDB's advisory board until recently, has repeatedly denied any wrongdoing.

Singapore

DBS Group is also under scrutiny by the Monetary Authority of Singapore (MAS) to determine whether it broke anti-money laundering rules in handling transactions linked to scandal-hit Malaysian state fund 1MDB, three people with knowledge of the matter said. UBS, Coutts

sentifi.com

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